Oil exports for nine countries in the OPEC {} after reducing output

Oil exports for nine countries in the OPEC {} after reducing output



3/23/2017 0:00



Capitals / follow - up to the morning

since the declaration of "OPEC , " the Organization of the end of last November, reaching an agreement on the total production of the Organization reduced by 1.2 million barrels from the first of January 2017 for a period of six months.
It has started to show positive results from this agreement, especially since oil prices began to improve
gradually.
According to the reports issued from "Judy" the institution concerned to publish oil data, nine Member States exports in the "OPEC" of crude oil by 3.9 percent , fell on a monthly basis.
And "Judy" international organization, was established by decision of the oil producers around the world , the beginning of the nineties of the last century, aimed at collecting numbers and statistics on oil production around the world and present it in the form of studies of interest to oil producers and consumers to the extent
either.
The survey was based on a joint initiative of the oil data numbers "Judy" recently released, which showed a decline in the nine countries exports to 20.197 million barrels per day in January, compared to 21.027 million barrels per day in December.
The nine countries that recorded a decline in its exports are: Saudi Arabia, Iraq, Iran, Kuwait, Nigeria, Angola, Algeria, Qatar, Ecuador.
And it casts a production cut, which is committed by the Organization of Petroleum Exporting Countries "OPEC" starting from the beginning of this year a shadow on the exports of the Member States agreement.
According to the data (Judy) that you get from "OPEC" and the International Energy Agency, Saudi Arabia's crude oil exports dropped by 3.8 percent on a monthly basis, to 7.713 million barrels per day in December
Two.
Iraq 's exports fell, by 4.1 percent to 3.882 million barrels per day, Iran increased by 6.4 percent to 2.2 million barrels a day, and Kuwait by 7.2 percent to 1.93 million barrels a day.
Angola 's exports fell by 0.5 percent to 1.53 million barrels per day, and Algeria by 21.9 percent to 507 thousand barrels per day, and Qatar by 9.3 percent to 446 thousand barrels per day, and Ecuador rose 5.9 percent to 382 thousand barrels
per day.
Unlike the rest of the members of the "OPEC" countries, Nigeria 's exports rose 10.8 percent to 1.607 million barrels per day, compared to 1.45 million barrels last December.

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